with their home values lower than the mortgage they owed. Many of these NINJA borrowers defaulted because the interest rates associated with the loans were “teaser rates,” variable rates that started low and ballooned over time, making it very hard to pay down the mortgage principal. ...
the lender takes the borrower at their word when they provide information. Liar loans were once common among mortgage providers, but now mortgage lenders must require more stringent proof the borrowers have met their criteria for credit score, income, and ...
“I’ve neveh once managed to hit the wittle bastad, I think that’s why I wike him. He’s wike a ninja. One day I’ll get him though, the wittle wascal.” A wistful grin plays across his lips, and he waggles his tiny fist in the air. “One day!” I feel like every drop...
If you or someone you know is in a cover band and are interested in playing at Sounds of Summer this year get a demo to us by May 31. Mail or drop off a CD/flash drive of your music toWSBS, 425 Stockbridge Road, Great Barrington, MA 01230. Please include a playlist of the songs...
Co-ownership of property occurs when more than one person has an ownership interest in a piece of property. We answer top questions and share examples.
35 This is because it reduces the incentive of the lender (e.g., a bank loan officer) to be careful when assessing the credit worthiness of the borrowers who are being offered the loans. An obvious example of this is NINJA (or sub-prime) mortgages. These are loans to buy real estate...